NASDAQ : CSGP
CoStar Group, Inc. — Financial statements
Real Estate · Real Estate Services · United States
Last price 30.17 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 12.14B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
CoStar Group, Inc. (CSGP) reported revenue of 3.67B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 3.67B | 3.25B | 2.74B | 2.46B | 2.18B | 1.94B |
| Cost of Revenue | 797.00M | 686.00M | 558.00M | 491.00M | 414.00M | 357.20M |
| Gross Profit | 2.88B | 2.56B | 2.18B | 1.96B | 1.77B | 1.59B |
| Selling, General & Admin | 2.07B | 2.10B | 1.81B | 1.38B | 1.02B | 885.70M |
| Research & Development | 432.00M | 399.00M | 317.00M | 262.00M | 213.70M | 194.10M |
| Amortization of Goodwill & Intangibles | 159.00M | 118.00M | 44.00M | 42.00M | 73.60M | 74.80M |
| Operating Expenses | 2.67B | 2.62B | 2.17B | 1.68B | 1.31B | 1.15B |
| Operating Income | 212.00M | -54.00M | 5.00M | 282.00M | 460.00M | 432.30M |
| Interest Expense | -30.00M | -20.00M | -28.00M | -31.00M | -32.30M | -32.30M |
| Interest & Investment Income | 50.00M | 130.00M | 241.00M | 245.00M | 64.40M | 700.00K |
| Currency Exchange Gain (Loss) | -1.00M | -6.00M | -1.00M | 3.00M | 1.40M | 300.00K |
| Other Non Operating Income (Expenses) | -2.00M | -7.00M | 3.00M | 2.00M | 3.00M | |
| EBT Excluding Unusual Items | 231.00M | 48.00M | 210.00M | 502.00M | 495.50M | 404.00M |
| Merger & Restructuring Charges | -18.00M | |||||
| Asset Writedown | -9.00M | |||||
| Pretax Income | 231.00M | 30.00M | 210.00M | 502.00M | 486.50M | 404.00M |
| Income Tax Expense | 52.00M | 23.00M | 71.00M | 127.00M | 117.00M | 111.40M |
| Net Income | 179.00M | 7.00M | 139.00M | 375.00M | 369.50M | 292.60M |
| Net Income to Common | 179.00M | 7.00M | 139.00M | 375.00M | 369.50M | 292.60M |
| Shares Outstanding (Basic) | 408.93M | 416.80M | 406.30M | 405.30M | 396.30M | 392.20M |
| Shares Outstanding (Diluted) | 413.20M | 420.70M | 407.80M | 406.90M | 397.80M | 394.20M |
| EPS (Basic) | 0.44 | 0.02 | 0.34 | 0.93 | 0.93 | 0.75 |
| EPS (Diluted) | 0.43 | 0.02 | 0.34 | 0.92 | 0.93 | 0.74 |
| Free Cash Flow | 357.00M | 41.00M | -245.00M | 347.00M | 384.90M | 280.80M |
| Free Cash Flow Per Share | 0.86 | 0.10 | -0.60 | 0.85 | 0.97 | 0.71 |
| Gross Margin | 78.31% | 78.87% | 79.61% | 80.00% | 81.03% | 81.63% |
| Operating Margin | 5.77% | -1.66% | 0.18% | 11.49% | 21.08% | 22.24% |
| Profit Margin | 4.87% | 0.22% | 5.08% | 15.28% | 16.93% | 15.05% |
| Free Cash Flow Margin | 9.72% | 1.26% | -8.96% | 14.13% | 17.64% | 14.44% |
| EBITDA | 558.00M | 209.00M | 152.00M | 390.00M | 597.90M | 571.90M |
| EBITDA Margin | 15.19% | 6.44% | 5.56% | 15.89% | 27.40% | 29.42% |
| D&A For EBITDA | 346.00M | 263.00M | 147.00M | 108.00M | 137.90M | 139.60M |
| EBIT | 212.00M | -54.00M | 5.00M | 282.00M | 460.00M | 432.30M |
| EBIT Margin | 5.77% | -1.66% | 0.18% | 11.49% | 21.08% | 22.24% |
| Effective Tax Rate | 22.51% | 76.67% | 33.81% | 25.30% | 24.05% | 27.57% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 500.00M | 1.63B | 4.68B | 5.22B | 4.97B | 3.83B |
| Cash & Short-Term Investments | 500.00M | 1.63B | 4.68B | 5.22B | 4.97B | 3.83B |
| Accounts Receivable | 284.00M | 241.00M | 194.00M | 195.80M | 157.90M | 124.82M |
| Other Receivables | 26.00M | 18.00M | ||||
| Receivables | 310.00M | 259.00M | 194.00M | 195.80M | 157.90M | 124.82M |
| Inventory | 6.00M | |||||
| Prepaid Expenses | 136.00M | 121.00M | 75.00M | 64.40M | 60.00M | 36.18M |
| Restricted Cash | 100.00M | |||||
| Total Current Assets | 946.00M | 2.12B | 4.95B | 5.48B | 5.19B | 3.99B |
| Property, Plant & Equipment | 1.58B | 1.45B | 1.12B | 552.00M | 401.70M | 372.11M |
| Goodwill | 5.43B | 4.94B | 2.53B | 2.39B | 2.31B | 2.32B |
| Other Intangible Assets | 2.06B | 1.77B | 433.00M | 313.70M | 329.30M | 435.66M |
| Long-Term Accounts Receivable | 4.00M | 3.00M | 6.00M | 8.00M | 8.40M | |
| Long-Term Deferred Tax Assets | 8.00M | 47.00M | 31.00M | 4.30M | 9.70M | 5.03M |
| Long-Term Deferred Charges | 190.00M | 187.00M | 174.00M | 169.30M | 145.20M | 105.68M |
| Other Long-Term Assets | 45.00M | 21.00M | 17.00M | 10.10M | 7.50M | 29.25M |
| Total Assets | 10.27B | 10.54B | 9.26B | 8.92B | 8.40B | 7.26B |
| Accounts Payable | 56.00M | 42.00M | 44.00M | 23.10M | 28.60M | 22.24M |
| Accrued Expenses | 347.00M | 348.00M | 297.00M | 280.80M | 194.10M | 163.47M |
| Current Portion of Leases | 32.00M | 28.00M | 32.00M | 40.00M | 36.00M | 26.27M |
| Current Income Taxes Payable | 1.00M | 23.00M | 7.70M | 10.40M | 31.24M | |
| Current Unearned Revenue | 256.00M | 211.00M | 142.00M | 104.20M | 103.60M | 95.47M |
| Other Current Liabilities | 25.00M | 116.00M | 14.00M | |||
| Total Current Liabilities | 716.00M | 746.00M | 552.00M | 455.80M | 372.70M | 338.69M |
| Long-Term Debt | 994.00M | 993.00M | 992.00M | 990.50M | 989.20M | 987.94M |
| Long-Term Leases | 146.00M | 123.00M | 104.00M | 75.90M | 76.10M | 99.37M |
| Long-Term Unearned Revenue | 32.00M | 36.00M | 18.00M | 100.00K | 200.00K | 1.25M |
| Long-Term Deferred Tax Liabilities | 335.00M | 238.00M | 8.00M | 36.70M | 76.20M | 98.66M |
| Other Long-Term Liabilities | 50.00M | 31.00M | 30.00M | 22.10M | 18.10M | 19.29M |
| Total Liabilities | 2.27B | 2.17B | 1.70B | 1.58B | 1.53B | 1.55B |
| Common Stock | 4.00M | 4.00M | 4.00M | 4.10M | 4.10M | 3.95M |
| Additional Paid-In Capital | 6.51B | 6.41B | 5.23B | 5.15B | 5.07B | 4.25B |
| Retained Earnings | 2.48B | 2.35B | 2.34B | 2.20B | 1.83B | 1.46B |
| Treasury Stock | -1.18B | -510.00M | ||||
| Comprehensive Income & Other | 159.00M | 80.00M | -26.00M | -17.60M | -29.10M | -5.76M |
| Total Common Equity | 7.97B | 8.33B | 7.55B | 7.34B | 6.87B | 5.71B |
| Minority Interest | 17.00M | 37.00M | ||||
| Shareholders' Equity | 7.99B | 8.37B | 7.55B | 7.34B | 6.87B | 5.71B |
| Total Liabilities & Equity | 10.27B | 10.54B | 9.26B | 8.92B | 8.40B | 7.26B |
| Total Debt | 1.17B | 1.14B | 1.13B | 1.11B | 1.10B | 1.11B |
| Net Cash (Debt) | -672.00M | 489.00M | 3.55B | 4.11B | 3.87B | 2.71B |
| Net Cash Per Share | -1.63 | 1.16 | 8.71 | 10.10 | 9.72 | 6.88 |
| Filing Date Shares Outstanding | 402.34M | 419.79M | 410.13M | 408.41M | 406.77M | 394.99M |
| Total Common Shares Outstanding | 401.90M | 417.90M | 409.50M | 408.10M | 406.67M | 394.94M |
| Working Capital | 230.00M | 1.37B | 4.40B | 5.02B | 4.81B | 3.65B |
| Book Value Per Share | 19.84 | 19.94 | 18.44 | 17.98 | 16.89 | 14.46 |
| Tangible Book Value | 485.00M | 1.62B | 4.59B | 4.64B | 4.23B | 2.95B |
| Tangible Book Value Per Share | 1.21 | 3.87 | 11.21 | 11.37 | 10.39 | 7.48 |
| Land | 70.00M | 70.00M | 52.20M | 52.20M | 38.77M | |
| Buildings | 371.00M | 373.00M | 108.60M | 105.10M | 96.50M | |
| Machinery | 198.00M | 194.00M | 170.90M | 140.60M | 146.39M | |
| Construction In Progress | 739.00M | 432.00M | 163.70M | |||
| Leasehold Improvements | 91.00M | 81.00M | 82.30M | 108.90M | 75.63M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 179.00M | 7.00M | 139.00M | 375.00M | 369.50M | 292.60M |
| Depreciation & Amortization | 346.00M | 263.00M | 147.00M | 108.00M | 137.90M | 139.60M |
| Other Amortization | 124.00M | 141.00M | 117.00M | 95.00M | 78.50M | 65.70M |
| Stock-Based Compensation | 153.00M | 194.00M | 89.00M | 85.00M | 75.20M | 63.70M |
| Provision & Write-off of Bad Debts | 31.00M | 32.00M | 36.00M | 35.00M | 18.30M | 10.90M |
| Other Operating Activities | 114.00M | 61.00M | -16.00M | -9.00M | 4.90M | 52.00M |
| Change in Accounts Receivable | -49.00M | -28.00M | -30.00M | -67.00M | -46.40M | -29.60M |
| Change in Accounts Payable | -29.00M | -12.00M | 44.00M | 34.00M | 23.20M | -30.20M |
| Change in Unearned Revenue | 34.00M | 21.00M | 11.00M | -1.00M | 6.80M | 17.40M |
| Change in Income Taxes | -30.00M | -45.00M | 22.00M | 11.00M | -19.30M | 5.90M |
| Change in Other Net Operating Assets | -256.00M | -204.00M | -166.00M | -176.00M | -169.90M | -118.30M |
| Operating Cash Flow | 617.00M | 430.00M | 393.00M | 490.00M | 478.70M | 469.70M |
| Capital Expenditures | -260.00M | -389.00M | -638.00M | -143.00M | -93.80M | -188.90M |
| Sale of Property, Plant & Equipment | 30.10M | 600.00K | ||||
| Cash Acquisitions | -789.00M | -2.35B | -277.00M | -100.00M | -6.30M | -193.00M |
| Investment in Securities | 2.00M | -80.00M | 2.00M | 4.00M | 900.00K | |
| Investing Cash Flow | -1.05B | -2.82B | -913.00M | -239.00M | -69.10M | -381.30M |
| Long-Term Debt Repaid | -2.20M | |||||
| Net Debt Issued (Repaid) | -2.20M | |||||
| Issuance of Common Stock | 22.00M | 24.00M | 25.00M | 23.00M | 759.20M | 18.00M |
| Repurchase of Common Stock | -1.09B | -575.00M | -30.00M | -26.00M | -23.00M | -33.30M |
| Other Financing Activities | -37.00M | -8.00M | -9.00M | -1.00M | -400.00K | |
| Financing Cash Flow | -1.10B | -559.00M | -14.00M | -4.00M | 734.00M | -15.70M |
| Foreign Exchange Rate Adjustments | -2.00M | -3.00M | -1.00M | 1.00M | -2.70M | -1.50M |
| Net Cash Flow | -1.53B | -2.95B | -535.00M | 248.00M | 1.14B | 71.20M |
| Free Cash Flow | 357.00M | 41.00M | -245.00M | 347.00M | 384.90M | 280.80M |
| Free Cash Flow Margin | 9.72% | 1.26% | -8.96% | 14.13% | 17.64% | 14.44% |
| Free Cash Flow Per Share | 0.86 | 0.10 | -0.60 | 0.85 | 0.97 | 0.71 |
| Levered Free Cash Flow | 442.45M | 143.75M | -203.97M | 338.68M | 432.49M | 378.02M |
| Unlevered Free Cash Flow | 461.20M | 156.25M | -186.47M | 358.05M | 450.28M | 395.91M |
| Cash Interest Paid | 39.00M | 30.00M | 31.00M | 31.00M | 29.90M | 31.50M |
| Cash Income Tax Paid | 14.00M | 73.00M | 100.00M | 163.00M | 169.20M | 82.10M |
| Change in Working Capital | -330.00M | -268.00M | -119.00M | -199.00M | -205.60M | -154.80M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 12.14B | 28.50B | 29.35B | 35.69B | 31.43B | 31.21B |
| Enterprise Value | 12.81B | 27.70B | 25.52B | 31.56B | 27.76B | 28.57B |
| Last Close Price | 30.17 | 67.24 | 71.59 | 87.39 | 77.28 | 79.03 |
| PE Ratio | 70.81 | 4,071.12 | 211.14 | 95.17 | 85.06 | 106.67 |
| Forward PE | 17.82 | 56.00 | 71.09 | 68.45 | 54.09 | 62.17 |
| PS Ratio | 3.30 | 8.78 | 10.73 | 14.54 | 14.40 | 16.05 |
| PB Ratio | 1.52 | 3.40 | 3.89 | 4.86 | 4.58 | 5.46 |
| P/TBV Ratio | 25.03 | 17.60 | 6.39 | 7.69 | 7.44 | 10.56 |
| P/FCF Ratio | 34.00 | 695.07 | 102.84 | 81.66 | 111.15 | |
| P/OCF Ratio | 19.67 | 66.27 | 74.68 | 72.83 | 65.66 | 66.45 |
| PEG Ratio | 0.47 | 1.34 | 4.53 | 3.42 | 2.70 | 3.11 |
| EV/Sales Ratio | 3.49 | 8.53 | 9.33 | 12.86 | 12.72 | 14.70 |
| EV/EBITDA Ratio | 22.96 | 132.55 | 167.88 | 80.92 | 46.43 | 49.95 |
| EV/EBIT Ratio | 60.43 | 5,103.46 | 111.92 | 60.35 | 66.08 | |
| EV/FCF Ratio | 35.88 | 675.67 | 90.95 | 72.13 | 101.74 | |
| Debt / Equity Ratio | 0.15 | 0.14 | 0.15 | 0.15 | 0.16 | 0.20 |
| Debt / EBITDA Ratio | 1.95 | 4.61 | 5.84 | 2.60 | 1.74 | 1.84 |
| Debt / FCF Ratio | 3.28 | 27.90 | 3.19 | 2.86 | 3.97 | |
| Net Debt / Equity Ratio | 0.08 | -0.06 | -0.47 | -0.56 | -0.56 | -0.47 |
| Net Debt / EBITDA Ratio | 1.20 | -2.34 | -23.38 | -10.54 | -6.47 | -4.75 |
| Net Debt / FCF Ratio | 1.88 | -11.93 | 14.50 | -11.84 | -10.05 | -9.66 |
| Asset Turnover | 0.35 | 0.33 | 0.30 | 0.28 | 0.28 | 0.27 |
| Quick Ratio | 1.13 | 2.54 | 8.83 | 11.87 | 13.75 | 11.67 |
| Current Ratio | 1.32 | 2.84 | 8.97 | 12.01 | 13.91 | 11.78 |
| Return on Equity (ROE) | 2.15% | 0.09% | 1.87% | 5.28% | 5.87% | 5.28% |
| Return on Assets (ROA) | 1.26% | -0.34% | 0.03% | 2.04% | 3.67% | 3.81% |
| Return on Invested Capital (ROIC) | 1.99% | -0.21% | 0.09% | 6.76% | 11.64% | 10.79% |
| Return on Capital Employed (ROCE) | 2.20% | -0.60% | 0.10% | 3.30% | 5.70% | 6.20% |
| Earnings Yield | 1.41% | 0.03% | 0.47% | 1.05% | 1.18% | 0.94% |
| FCF Yield | 2.94% | 0.14% | -0.83% | 0.97% | 1.23% | 0.90% |
| Buyback Yield / Dilution | 0.34% | -3.16% | -0.22% | -2.29% | -0.91% | -2.85% |